REGISTERED NUMBER: 04146797 (England and Wales)

HASSCO INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Hassan

Mr A Hassan

SECRETARY:

Mrs Fatma Hassan

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

04146797 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Investment property

4

12,707,549

12,614,546

CURRENT ASSETS

Debtors

5

199,419

23,469

Cash at bank

1,082,358

58,110

1,281,777

81,579

CREDITORS

Amounts falling due within one year

6

1,833,240

2,200,129

NET CURRENT LIABILITIES

(551,463

)

(2,118,550

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,156,086

10,495,996

CREDITORS

Amounts falling due after more than one year

7

6,464,563

4,635,620

NET ASSETS

5,691,523

5,860,376

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

5,645,099

5,645,099

Retained earnings

10

46,324

215,177

SHAREHOLDERS' FUNDS

5,691,523

5,860,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr A Hassan - Director

1.	STATUTORY INFORMATION

Hassco Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents gross rents receivable for the year. Turnover is recognised when the rent becomes due under the lease agreement.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

12,614,546

Additions

93,003

At 31 January 2025

12,707,549

NET BOOK VALUE

At 31 January 2025

12,707,549

At 31 January 2024

12,614,546

Fair value at 31 January 2025 is represented by:

£

Valuation in 2021

5,645,099

Cost

7,062,450

12,707,549

Investment properties were valued on Fair value basis basis on 31 January 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

37,749

-

Corporation Tax

5,829

-

Directors' loan accounts

-

20,000

Prepayments

4,469

3,469

Loan Agreement Fee

151,372

-

199,419

23,469

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

-

72,709

Trade creditors

4,708

3,770

Tax

-

8,696

Other creditors

86,640

96,640

Amounts due to related company

1,737,692

1,712,692

Directors' current accounts

-

301,422

Accrued expenses

4,200

4,200

1,833,240

2,200,129

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

-

12,275

Bank loans - 2-5 years

6,464,563

4,623,345

6,464,563

4,635,620

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

6,464,563

4,708,329

The bank loans are secured on the trading stock and all other assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2024

215,177

5,645,099

5,860,276

Deficit for the year

(24,853

)

(24,853

)

Dividends

(144,000

)

(144,000

)

At 31 January 2025

46,324

5,645,099

5,691,423

11.	ULTIMATE CONTROLLING PARTY